Friday, June 20, 2008

The Oil

It doesn`t matter what methods of analysis you are using, the basic thing is that you shouldn`t be a blind, and don't loose the market movement. The quotations are not ruled by Gods, maybe not even traders themselves but the market-makers, who should always rely on the important levels, which are created by traders, because it`s their main income. Such levels are presented on the picture - how much is gone on the trader's price, how much is on the ask and by the bid. All peak values are reflected with italic type for each category inside an hour. Then all these lines are transformed in a firm line for the trading in next hour. The daily data of Trade/Bid/Ask is pointed on the right ( for reflections).

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